Edelweiss Nifty Next 50 Index Fund Direct - IDCW
NAV as of Jul 05, 2024
16.920.68%
(Earn upto 0.70% Extra Returns with Direct Plan)
Fund Category:
Equity: Large Cap
Expense Ratio:
0.09%(0.47% Category
average)Fund Size:
Rs. 43.32 Cr(0.01% of Investment in Category)
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Edelweiss Nifty Next 50 Index Fund Direct - IDCW
NAV as of Jul 05, 2024
16.920.68%
Expense Ratio:
0.09%
Fund Size:
Rs. 43.32 Cr
Fund Category:
Equity: Large Cap
1. Current NAV: The Current Net Asset Value of the Edelweiss Nifty Next 50 Index Fund - Direct Plan as of Jul 05, 2024 is Rs 16.92 for IDCW option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 63.85% (1yr) and 37.26% (since launch). Whereas, Category returns for the same time duration are: 38.41% (1yr), 18.38% (3yr) and 17.34% (5yr).
3. Fund Size: The Edelweiss Nifty Next 50 Index Fund - Direct Plan currently holds Assets under Management worth of Rs 43.32 crore as on May 31, 2024.
4. Expense ratio: The expense ratio of the fund is 0.09% for Direct plan as on Jun 23, 2024.
5. Exit Load: The given fund doesn't attract any Exit Load.
6. Minimum Investment: Minimum investment required is Rs 100 and minimum additional investment is Rs 100. Minimum SIP investment is Rs 100.
Edelweiss Nifty Next 50 Index Fund Direct - IDCW Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 9.92 17.17 35.49 66.89 - - Category Avg 8.09 10.69 18.95 39.64 18.71 17.70 Rank within Category 5 6 2 12 - - No. of funds within Category 163 162 156 150 108 91 - Loading...
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Return Comparison
- This Fund
- BenchmarkNIFTY Next 50 Total Return Index
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- S&P BSE Sensex
- Nifty 50
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Edelweiss Nifty Next 50 Index Fund Direct - IDCW Fund Details
Investment Objective - The scheme seeks to provide returns before expenses that closely correspond to the total returns of the Nifty Next 50 Index subject to tracking errors.
Fund House | Edelweiss Mutual Fund |
Launch Date | Nov 30, 2022 |
Benchmark | NIFTY Next 50 Total Return Index |
Return Since Launch | 39.01% |
Riskometer | Very High |
Type | Open-ended |
Risk Grade | - |
Return Grade | - |
Edelweiss Nifty Next 50 Index Fund Direct - IDCW Investment Details
Minimum Investment (Rs.) | 100.00 |
Minimum Additional Investment (Rs.) | 100.00 |
Minimum SIP Investment (Rs.) | 100.00 |
Minimum Withdrawal (Rs.) | - |
Exit Load | 0% |
Portfolio Allocation
Asset Allocation
Asset Allocation History
Sector Allocation
Market Cap Allocation
Concentration & Valuation Analysis
MAY 2024 | APR 2024 | MAR 2024 | FEB 2024 | JAN 2024 | DEC 2023 | |
---|---|---|---|---|---|---|
Number of Holdings | 50 | 50 | 50 | 50 | 50 | 50 |
Top 5 Company Holdings | 22.05% | 20.39% | 19.22% | 19.76% | 19.49% | 18.54% |
Top 10 Company Holdings | 37.31% | 35.63% | 34.1% | 34.66% | 34.25% | 33.17% |
Company with Highest Exposure | Bharat Electronics (5.25%) | Trent (5.02%) | Trent (4.78%) | Trent (4.82%) | Shriram Finance (4.11%) | Trent (4.17%) |
Number of Sectors | 13 | 13 | 13 | 13 | 13 | 13 |
Top 3 Sector Holdings | 51.92% | 50.59% | 48.98% | 46.04% | 45.27% | 45.1% |
Top 5 Sector Holdings | 73.1% | 72.45% | 70.99% | 69.06% | 68.92% | 68.39% |
Sector with Highest Exposure | Financial (19.29%) | Financial (20.06%) | Financial (19.63%) | Financial (16.19%) | Financial (16.78%) | Financial (16.18%) |
Top Stock Holdings
Sector Holdings in MF
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) Bharat Electronics Capital Goods 5.25 59.45 5.45 135.31 Trent Services 4.98 134.37 41.82 210.60 Hindustan Aeronautics Capital Goods 4.62 48.72 113.96 154.23 Tata Power Company Energy 3.66 38.03 11.57 100.52 Power Fin. Corp. Financial 3.54 8.92 59.88 204.20 REC Financial 3.3 10.81 53.72 233.31 Siemens Capital Goods 3.07 120.28 65.56 87.92 Vedanta Metals & Mining 2.98 41.55 11.40 66.45 Indigo Services 2.96 20.42 211.73 77.57 Indian Oil Corporation Energy 2.95 5.80 29.55 81.84
Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y Edelweiss Nifty Next 50 Index Fund Direct - IDCW 16.92 Unrated 43.32 9.92 66.89 - - ICICI Prudential Bluechip Fund Direct-IDCW 63.38 55,459.29 7.64 40.51 22.53 20.23 JM Large Cap Fund Direct Plan-IDCW 73.57 191.85 9.65 48.30 23.41 20.59 Sundaram Select Focus Fund Direct-IDCW 18.73 1,353.89 -2.52 25.71 18.04 18.50 Quant Focused Fund Direct-IDCW 58.03 1,003.94 3.57 49.64 24.26 25.10
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Risk Ratio data not available for this fund
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Fund Manager
- B.J.Bhavesh JainSince Nov 202214 schemes
Mr. Jain is a MMS (Finance) from Mumbai University. Prior to joining Edelweiss Mutual Fund he was previously associated with Edelweiss Securities Limited as SGX Nifty Arbitrage Trader.
More Edelweiss Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
Edelweiss Arbitrage Fund Direct-Growth | 11,768.88 | 0.69 | 2.15 | 4.51 | 8.61 | 6.51 | |
Edelweiss Balanced Advantage Fund Direct-Growth | 11,281.66 | 3.09 | 8.87 | 13.15 | 26.40 | 14.93 | |
Edelweiss NIFTY PSU Bond Plus SDL Apr 2026 50:50 Index Fund Direct - Growth | 10,073.56 | 0.63 | 1.89 | 3.78 | 6.98 | 5.36 | |
BHARAT Bond FOF - April 2030 Direct - Growth | 6,767.58 | 0.99 | 1.65 | 4.55 | 6.64 | 5.58 | |
Edelweiss Mid Cap Direct Plan-Growth | 5,863.60 | 11.08 | 25.36 | 28.54 | 59.98 | 30.06 | |
Edelweiss Liquid Direct-Growth | 5,095.66 | 0.62 | 1.91 | 3.83 | 7.43 | 5.83 | |
BHARAT Bond FOF - April 2025 Direct - Growth | 4,981.09 | 0.67 | 1.92 | 3.89 | 7.19 | 4.99 | |
BHARAT Bond FOF - April 2031 Direct - Growth | 4,554.13 | 0.64 | 1.54 | 3.85 | 6.58 | 5.31 | |
BHARAT Bond ETF FOF - April 2032 Direct - Growth | 4,373.51 | 0.92 | 1.65 | 4.59 | 6.24 | - | |
Edelweiss Small Cap Fund Direct - Growth | 3,421.55 | 8.77 | 22.71 | 20.83 | 51.69 | 30.03 |
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1. Edelweiss Nifty Next 50 Index Fund - Direct Plan is Open-ended Large Cap Equity scheme which belongs to Edelweiss Mutual Fund House.
2. The fund was launched on Nov 30, 2022.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to provide returns before expenses that closely correspond to the total returns of the Nifty Next 50 Index subject to tracking errors. "
2. It is benchmarked against NIFTY Next 50 Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 100.0% in equities, 0.95% in debts and -0.95% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 37.31% of the assets, the top 3 sectors constitute around 51.92% of the assets.
3. The fund largely follows a Blend oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
Tax Implications on Edelweiss Nifty Next 50 Index Fund Direct - IDCW
1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of upto Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
5. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
FAQs about Edelweiss Nifty Next 50 Index Fund Direct - IDCW
- Is it safe to invest in Edelweiss Nifty Next 50 Index Fund - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Edelweiss Nifty Next 50 Index Fund - Direct Plan comes under Very High risk category.
- What is the category of Edelweiss Nifty Next 50 Index Fund - Direct Plan?Edelweiss Nifty Next 50 Index Fund - Direct Plan belongs to the Equity : Large Cap category of funds.
- How Long should I Invest in Edelweiss Nifty Next 50 Index Fund - Direct Plan?The suggested investment horizon of investing into Edelweiss Nifty Next 50 Index Fund - Direct Plan is >3 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the Edelweiss Nifty Next 50 Index Fund - Direct Plan?The Edelweiss Nifty Next 50 Index Fund - Direct Plan is managed by Bhavesh Jain (Since Nov 10, 2022).
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